EANS-Adhoc: conwert Immobilien Invest SEVoluntary public takeover offer for
ECO Business-Immobilien AG: offer price is increased to EUR 7.15 per ECO share -
acceptance period runs from 2 July to 30 July 2010

01.07.2010 – 08:19

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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01.07.2010
Voluntary public takeover offer for ECO Business-Immobilien AG: offer
price is increased to EUR 7.15 per ECO share - acceptance period runs
from 2 July to 30 July 2010
Vienna, 01.07.2010. On 15 June 2010, conwert Immobilien Invest SE,
which is listed on the Vienna Stock Exchange, announced its intention
to submit a voluntary public takeover offer to the other shareholders
of ECO Business-Immobilien AG. The offer document will now be
published on Friday, 2 July 2010. The acceptance period for the offer
will run from 2 July until 30 July 2010, 17:00 (Vienna local time).
The offer price of EUR 6.15 per share announced on 15 June 2010 was
increased and now amounts to EUR 7.15 per no par value share of ECO
Business-Immobilien AG. The price offered by conwert thus exceeds the
average volume weighted price of the ECO share in the last twelve
months prior to the announcement of the takeover offer by 60.7%, and
the average volume weighted share price of the last six months prior
to the announcement of the takeover offer by 47.4%.
Johann Kowar, Chairman of the Executive Board of conwert Immobilien
Invest SE: "In the run-up to the commencement of the offer, we had
further discussions with the ECO management and several contacts with
institutional ECO investors. To accomplish the highest possible
acceptance rate, we have decided to increase the offer price to EUR
7.15 per share. We are thus offering all ECO shareholders an
excellent price while at the same time ensuring further value growth
potential for conwert."
conwert definitively (and thus legally binding) rules out a further
increase of the offer price. The minimum acceptance rate of the offer
remains unchanged at 50% + 1 share of the ECO shares held by the free
float. If the offer is accepted completely, the maximum transaction
volume amounts to approx. EUR 185.5 million.
The offer document will be available at www.conwert.at,
www.eco-immo.at and www.takeover.at as of 2 July 2010. During the
acceptance period, ECO shareholders can submit their shares to the
offer free of charges and fees through their depository bank.
end of announcement euro adhoc
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ots Originaltext: conwert Immobilien Invest SE
Im Internet recherchierbar: http://www.presseportal.ch
Further inquiry note:
conwert Immobilien Invest SE
Peter Sidlo, Head of Corporate Communications - Investor Relations
T +43 / 1 / 521 45-250
E sidlo@conwert.at
Metrum Communications GmbH
Roland Mayrl
T +43 / 1 / 504 69 87-331
E r.mayrl@metrum.at
Branche: Real Estate
ISIN: AT0000697750
WKN: 069775
Index: WBI
Börsen: Wien / official market